Title: Step by Step
Take the stress out of buying or selling your home or other real property with GIT.
Consumers work hard to find a real estate agent they feel comfortable with. As a buyer or seller, you are entitled to choose a Title Company you can trust to work efficiently and accurately, and who will stand behind your transaction.
We do understand that at the execution of the contract, you can request the title company of your choice, and it is important that before making that all important decision you select the best partner to protect your interest and your property.
Protecting your property title today and tomorrow is our mission.
What is Title Insurance?
Title Insurance is protection against loss arising from problems connected to the title to your property.
Before you purchased your home, ownership probably changed – possibly many times. The land on which your house stands also went through many changes of ownership. At any point in the ‘chain of title’ there may be a weak link from fraud or error. Someone may have forged a signature. There might be unpaid real estate taxes or other liens. Title insurance covers the insured party against claims and legal fees that arise from such problems.
This infographic is designed to give a general description of the role of a title company, and may not answer all of your questions, or questions that are unique to your transaction. Click here to view the Polish version or click here to view the Spanish version.
We strongly encourage you to seek legal counsel or other advisors who can explain all the potential issues and items unique to your particular transaction.
The CFPB interactive toolkit is a great resource for consumers navigating the home-buying process. This toolkit features interactive worksheets and checklists, and research tips to help consumers seek out and find important information. Your Home Loan Toolkit
For more information on title insurance and the closing process, visit ALTA’s Consumer website – www.homeclosing101.org
To view a video on the closing process: